cal capital, expected to pay $1.2 billion. want to bring in harvey pitt, joins us from washington. harvey, good to have you back, good morning. >> good morning. >> you can't have a settlement without some people saying it's a witch hunt and others saying it wasn't enough to truly hurt. where does this within fit? >> i think, a, it's not a witch hunt, although i have concerns with all of the preindictment publici publicity. and, second, this is going to hurt dramatically, i think. this is a significant settlement. >> i think the documents are out officially now. you call it significant, harvey, in what sense? the size and scope of the deal the way in way you think he'll interact with his prime brokers, what? >> i think, first, just the size and the magnitude are unprecedented. that's a starting point. but more importantly, and i haven't seen the papers, but the reports of the papers suggest there's a concession of rampant insider trading and that concession on the part of cohen is going to have a dramatic effect in the one remaining governmental case, the s.e.c.'s administrative pro